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Official Gazette - No. 43 Rec. (A) on October 28, 2017

Prime Minister's Decision No. 2310 of 2017

Regarding the Issuance of the Executive Regulation for Investment Law No. 72 of 2017

Prime Minister Having reviewed the Constitution; And the Penal Code issued by Law No. 58 of 1937; And the Civil Code issued by Law No. 131 of 1948; And the Criminal Procedure Law issued by Law No. 150 of 1950; And the Civil and Commercial Procedures Law issued by Law No. 13 of 1968; And Law No. 95 of 1945 on Nomads' Affairs; And Law No. 68 of 1947 on Notarization; And Law No. 84 of 1949 on Registration of Commercial Ships; And Law No. 453 of 1954 on Industrial and Commercial Establishments; And Law No. 308 of 1955 on Administrative Attachment; And Law No. 21 of 1958 on Regulating and Encouraging Industry in Egyptian Territory; And Law No. 113 of 1958 on Appointment to Positions in Joint Stock Companies and Public Institutions; And Law No. 173 of 1958 on Requiring Prior Permission to Work for Foreign Entities; And Law No. 89 of 1960 on Entry, Residence, and Exit of Foreigners in/from the Arab Republic of Egypt;

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Official Gazette - No. 43 Rec. (A) on October 28, 2017

And the Law on Public Bodies issued by Law No. 61 of 1963; And the Customs Law issued by Law No. 66 of 1963; And Law No. 12 of 1964 on Establishing the Egyptian General Company for Sea Transport; And Law No. 70 of 1964 on Notarization and Registration Fees; And Law No. 100 of 1964 on Regulating Leasing of State-Owned Private Property and Disposition Thereof; And the Agriculture Law issued by Law No. 53 of 1966; And Law No. 84 of 1968 on Public Roads; And Law No. 1 of 1973 on Hotel and Tourist Establishments; And Law No. 2 of 1973 on Ministry of Tourism Supervision over Tourist Areas and Their Exploitation; And Law No. 73 of 1973 on Conditions and Procedures for Electing Worker Representatives in Management Boards of Public Sector Units, Joint Stock Companies, Associations, and Private Institutions; And the Social Insurance Law issued by Law No. 79 of 1975; And Law No. 118 of 1975 on Import and Export; And Law No. 34 of 1976 on the Commercial Register; And Law No. 108 of 1976 on Social Insurance for Employers; And Law No. 43 of 1979 on the Local Administration System; And Law No. 59 of 1979 on Establishing Urban Communities; And Law No. 111 of 1980 on Stamp Duty; And the Civil Aviation Law issued by Law No. 28 of 1981; And Law No. 134 of 1981 on Desert Lands; And the Law on Joint Stock Companies, Commandite Companies, and Limited Liability Companies issued by Law No. 159 of 1981 and its Executive Regulation; And the Law on Public Sector Bodies and Their Companies issued by Law No. 97 of 1983;

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Official Gazette - No. 43 Rec. (A) on October 28, 2017

And the Antiquities Protection Law issued by Law No. 117 of 1983; And the Customs Exemptions Organization Law issued by Law No. 186 of 1986; And the Maritime Commerce Law issued by Law No. 8 of 1990; And Law No. 7 of 1991 on Certain Provisions Concerning Special State Corps; And the Public Business Sector Companies Law issued by Law No. 203 of 1991; And the Capital Market Law issued by Law No. 95 of 1992; And the Environment Law issued by Law No. 4 of 1994; And the Arbitration in Civil and Commercial Matters Law issued by Law No. 27 of 1994; And Law No. 95 of 1995 on Financial Leasing; And Law No. 5 of 1996 on Rules for Gratuitous Disposition of Desert Lands Owned by the State or Public Legal Entities or Leasing Them via Superior Lease to Establish or Expand Investment Projects Thereon; And Law No. 230 of 1996 on Regulating Ownership of Built Properties and Vacant Lands by Non-Egyptians; And Law No. 231 of 1996 on Certain Provisions Concerning Regulating the Work of Egyptians with Foreign Entities; And Law No. 3 of 1997 on Granting Public Utility Commitments to Establish, Operate, and Exploit Airports and Landing Areas; And the Tenders and Auctions Organization Law issued by Law No. 89 of 1998; And the Commerce Law issued by Law No. 17 of 1999; And Law No. 7 of 2000 on Establishing Reconciliation Committees in Certain Disputes Where Ministries and Public Legal Entities Are Parties; And the Central Deposit and Registration of Securities Law issued by Law No. 93 of 2000; And the Real Estate Financing Law issued by Law No. 148 of 2001;

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Official Gazette - No. 43 Rec. (A) on October 28, 2017

And the Intellectual Property Rights Protection Law issued by Law No. 82 of 2002; And the Economic Zones of a Special Nature Organization Law issued by Law No. 83 of 2002; And the Telecommunications Organization Law issued by Law No. 10 of 2003; And the Labor Law issued by Law No. 12 of 2003; And the Central Bank, Banking System, and Currency Law issued by Law No. 88 of 2003; And the Civil Aviation Services and Fees Law issued by Law No. 93 of 2003; And Law No. 15 of 2004 on Regulating Electronic Promotion and Establishing the Information and Communication Technology Industry Development Authority; And the Small Enterprises Development Law issued by Law No. 141 of 2004; And the Competition Protection and Anti-Monopoly Practices Law issued by Law No. 3 of 2005; And the Income Tax Law issued by Law No. 91 of 2005; And the Construction Law issued by Law No. 119 of 2008; And the Economic Courts Establishment Law issued by Law No. 120 of 2008; And the Tax on Built Properties Law issued by Law No. 196 of 2008; And Law No. 10 of 2009 on Regulating Supervision over Markets and Non-Banking Financial Instruments; And Law No. 67 of 2010 on Regulating Private Sector Participation in Infrastructure, Services, and Public Utility Projects;

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Official Gazette - No. 43 Rec. (A) on October 28, 2017

And Law No. 133 of 2010 on Licensing Petroleum Refining Projects to Operate Under Free Zones System; And Law No. 14 of 2012 on Integrated Development in the Sinai Peninsula; And the Sukuk Law issued by Law No. 10 of 2013; And Law No. 32 of 2014 on Regulating Certain Procedures for Challenging State Contracts; And Law No. 63 of 2014 on Maximum Income Cap for Salaried Workers in State Agencies; And Law No. 141 of 2014 on Regulating Microfinance Activities; And Law No. 203 of 2014 on Stimulating Electricity Production from Renewable Energy Sources; And the Electricity Law issued by Law No. 87 of 2015; And the Movable Collateral Organization Law issued by Law No. 115 of 2015; And the Value Added Tax Law issued by Law No. 67 of 2016; And Law No. 15 of 2017 on Facilitating Procedures for Granting Licenses to Industrial Facilities; And the Sports Law issued by Law No. 71 of 2017; And the Investment Law issued by Law No. 72 of 2017; And Prime Minister's Decision No. 1820 of 2015 on Issuing the Executive Regulation for Investment Guarantees and Incentives Law No. 8 of 1997; And based on the proposal of the Minister concerned with investment affairs; And after approval by the Council of Ministers; And based on the opinion of the State Council;

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Official Gazette - No. 43 Rec. (A) on October 28, 2017

Decided:

(Article One) Without prejudice to the provisions of Law No. 7 of 1991 regarding private state property, Law No. 83 of 2002 regarding economic zones of a special nature, Law No. 14 of 2012 on integrated development in the Sinai Peninsula, and Law No. 15 of 2017 on simplifying procedures for granting industrial facility licenses, the provisions of the Executive Regulation for Investment Law No. 72 of 2017 attached to this Decision shall be applied.

(Article Two) Without prejudice to the provisions of Law No. 83 of 2002 regarding economic zones of a special nature, the provisions of the attached Regulation shall apply to investment projects established under the domestic investment system in those zones.

(Article Three) The Executive Regulation for Investment Guarantees and Incentives issued by Prime Minister's Decision No. 1820 of 2015, referred to above, is hereby repealed, and any provision conflicting with the provisions of the attached Regulation is also repealed.

(Article Four) This Decision shall be published in the Official Gazette and shall be enforced from the day following its publication. Issued at the Office of the Prime Minister on 8 Safar 1439 AH (October 28, 2017 AD) Prime Minister Eng. Sherif Ismail

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Official Gazette - No. 43 Rec. (A) on October 28, 2017

Chapter One

General Provisions

(Section One)

Activities and Fields Subject to the Provisions of the Investment Law

(Article One)

The following investment activities, as listed, are considered activities subject to the provisions of the Investment Law, without prejudice to the controls stipulated in the laws and regulations governing these activities:

First - The Industrial Sector, which includes the following:

1. Industrial activities that involve transforming materials and raw materials and altering their form by mixing, processing, shaping, or packaging them, and assembling parts and components to produce intermediate or final products. This does not include the manufacturing of tobacco, cigarettes, shisha, hookah tobacco, alcoholic beverages, and spirits of all kinds.
2. Designing or manufacturing industrial machinery, equipment, and production lines, and managing implementation or restructuring of factories, which includes: (a) Engineering design works for equipment, production lines, and factories. (b) Preparing and manufacturing models and molds for machines and products, and promoting them. (c) Producing equipment and production lines. (d) Implementation management works for industrial projects and service and utility projects of all kinds, and the technical and administrative restructuring of factories.
3. The cinema industry, including establishing or investing in film studios, production laboratories, screening venues, or operating them, including filming, developing, printing, producing, screening, and distribution.

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4. Integrated industrial development of industrial zones or completing development, marketing, or managing industrial zones, which includes the following: (a) Preparing economic and planning studies for the industrial zone. (b) Preparing economic, engineering, and technological studies for projects. (c) Establishing infrastructure and external utility sources for the industrial zone. (d) Marketing and promoting industrial zone lands to attract capital and projects. (e) Establishing factory buildings in the industrial zone ready for projects. (f) Managing the industrial zone and maintaining its facilities and structures. These activities may be carried out jointly or separately.

Second - The Agriculture, Animal, Poultry, and Fisheries Sector, which includes the following:

1. Reclamation and cultivation of barren or desert lands, including: (a) Reclaiming and equipping lands with basic utilities to make them suitable for cultivation. (b) Cultivating reclaimed lands. In both cases, it is required that the lands be designated for reclamation and cultivation purposes, and that modern agricultural methods be used for cultivation, not flood irrigation.
2. Animal, poultry, and fisheries production, including: (a) Rearing all types of animals, whether for breeding, milk production, fattening, or meat. (b) Rearing all types of poultry and birds, whether for breeding, hatching, egg production, fattening, or meat. (c) Rearing camels. (d) Fish farms.
3. Genetic engineering in plant and animal fields.

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